DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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Former SEC-registered adviser

S••••••• I••••••••• L••

Former SEC-registered adviserIrvine, CaliforniaCRD 284720SEC 801-108274websiteIAPD
Latest filing Mar 31, 2025
First filing on the tape Aug 10, 2016 · 15 filings
SEC status approved since Sep 16, 2016
RAUM
$185M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.6%
$1.1M individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
7
4 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
15 filings and snapshots on the tape
RAUM$185M as of Mar 31, 2025
Mar 31, 2017$660M then
HNW client RAUM$1.1M as of Mar 31, 2025
Mar 30, 2022$549,688 then
State-registered IARs (5.B.3)0 as of Mar 31, 2025
Mar 31, 20170 then
Employees (5.A)7 as of Mar 31, 2025
Mar 31, 201711 then
Private funds: no history
RAUM -58% over the last fiscal year-41% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 31, 2025; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
$274,283derivedHNW RAUM over HNW clients
Average account
$20.5MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-58%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, fixed feesreportedItem 5.E
Advisory activities
portfolio management for businesses and institutionsreportedItem 5.G
Ownership
a PE fund or sponsor is a 25 percent or greater owner on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Corporations and businesses$184M99%
  • High-net-worth individuals$1.1M0.6%
Individual clients
n/areported
HNW clients
4reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
9reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUM, fixedreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Every departureEvery arrival
      Private funds
      No private fund reported.
      Owners and control persons
      Schedule A and B, latest filing
      • K•••• D••••• A•••• · Board Membercontrol
        since 09/2016 · owns less than 5%
      • M•••••• M••••••• C•••••• · Board Membercontrol
        since 09/2016 · owns less than 5%
      • P••••••••• S••••• L•••• · Chief Financial Officer / Chief Compliance Officercontrol
        since 09/2016 · owns less than 5%
      • R•••• W••••••• E••••• · Board Membercontrol
        since 05/2017 · owns less than 5%
      • S••••• S•••• · Chief Executive Officer / Chief Investment Officercontrol
        since 09/2016 · owns 50% to 75%
      • M•••••• M••••••• C•••••• · M••••••• Member/Ownercontrol
        since 07/2009 · owns 50% to 75% of E••••••• M••••••• D••••••••• L••
      Entity owners
      • E••••••• C•••••• P•••••••• L• · Member/Owner
        direct · owns 25% to 50%
      • E••••••• G•• L•• · General Partner
        indirect · owns F of E••••••• C•••••• P•••••••• L•
      • E••••••• M••••••• D••••••••• L•• · M••••••• Member / Owner
        indirect · owns 75% or more of E••••••• G•• L••
      Related persons
      Schedule D 7.A
      Advisers that list S••••••• I••••••••• L•• as a related person
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Accounts · 15 to 9
        Mar 28, 2024 to Mar 31, 2025
      • Advisory employees · 5 to 4
        Mar 28, 2024 to Mar 31, 2025
      • Advisory activities · 2 to 1
        Mar 28, 2024 to Mar 31, 2025
      • Corporate clients · 9 to 5
        Mar 28, 2024 to Mar 31, 2025
      • Pension plan clients · 1.0 to unset
        Mar 28, 2024 to Mar 31, 2025
      • Employees · 9 to 7
        Mar 28, 2024 to Mar 31, 2025
      • Financial planning clients · 0 to 0
        Mar 28, 2024 to Mar 31, 2025
      • HQ city · NEWPORT BEACH to IRVINE
        Mar 28, 2024 to Mar 31, 2025
      • Discretionary RAUM · $443M to $185M
        Mar 28, 2024 to Mar 31, 2025
      • HNW RAUM · $1.1M to $1.1M
        Mar 28, 2024 to Mar 31, 2025
      • Pension RAUM · 136246668.0 to unset
        Mar 28, 2024 to Mar 31, 2025
      • RAUM · $443M to $185M
        Mar 28, 2024 to Mar 31, 2025
      • HNW clients · unset to 4.0
        Mar 31, 2023 to Mar 28, 2024
      • Pension plan clients · unset to 1.0
        Mar 31, 2023 to Mar 28, 2024
      • Discretionary RAUM · $523M to $443M
        Mar 31, 2023 to Mar 28, 2024
      • HNW RAUM · $753,661 to $1.1M
        Mar 31, 2023 to Mar 28, 2024
      • Pension RAUM · $125M to $136M
        Mar 31, 2023 to Mar 28, 2024
      • RAUM · $523M to $443M
        Mar 31, 2023 to Mar 28, 2024
      • Related broker-dealer · true to false
        Mar 31, 2023 to Mar 28, 2024
      • Accounts · 16 to 15
        Mar 30, 2022 to Mar 31, 2023
      • Advisory employees · 6 to 5
        Mar 30, 2022 to Mar 31, 2023
      • Advisory activities · 3 to 2
        Mar 30, 2022 to Mar 31, 2023
      • Corporate clients · 10 to 9
        Mar 30, 2022 to Mar 31, 2023
      • HNW clients · 2.0 to unset
        Mar 30, 2022 to Mar 31, 2023
      • Pension plan clients · 3.0 to unset
        Mar 30, 2022 to Mar 31, 2023
      • Employees · 10 to 9
        Mar 30, 2022 to Mar 31, 2023
      • Discretionary RAUM · $914M to $523M
        Mar 30, 2022 to Mar 31, 2023
      • HNW RAUM · $549,688 to $753,661
        Mar 30, 2022 to Mar 31, 2023
      • Pension RAUM · $345M to $125M
        Mar 30, 2022 to Mar 31, 2023
      • RAUM · $914M to $523M
        Mar 30, 2022 to Mar 31, 2023
      • Accounts · 15 to 16
        Mar 24, 2021 to Mar 30, 2022
      • HNW clients · unset to 2.0
        Mar 24, 2021 to Mar 30, 2022
      • Pension plan clients · 4 to 3
        Mar 24, 2021 to Mar 30, 2022
      • Employees · 9 to 10
        Mar 24, 2021 to Mar 30, 2022
      • Discretionary RAUM · $760M to $914M
        Mar 24, 2021 to Mar 30, 2022
      • HNW RAUM · unset to 549688.0
        Mar 24, 2021 to Mar 30, 2022
      • Pension RAUM · $289M to $345M
        Mar 24, 2021 to Mar 30, 2022
      • RAUM · $760M to $914M
        Mar 24, 2021 to Mar 30, 2022
      • Accounts · 21 to 15
        Mar 23, 2020 to Mar 24, 2021
      • Corporate clients · 13 to 10
        Mar 23, 2020 to Mar 24, 2021
      Signals
      5 dated events
      • S••••••• I••••••••• L•• no longer on the SEC adviser roster (last listed 2026-03-02, RAUM $184.7M)
        Apr 1, 2026 · Left the SEC roster · derived
      • S••••••• I••••••••• L•• reported RAUM $184.7M, down 58% from $443.0M (2024-03-28 to 2025-03-31)
        Mar 31, 2025 · RAUM change · derived
      • S••••••• I••••••••• L•• reported RAUM $523.3M, down 43% from $914.2M (2022-03-30 to 2023-03-31)
        Mar 31, 2023 · RAUM change · derived
      • Ellis Nathan Statler (Chief Compliance Officer) no longer on Schedule A of S••••••• I••••••••• L•• (listed 2019-03-15, absent 2019-08-08)
        Aug 8, 2019 · Control person left · inference
      • W••• A•••• M••••••••• L•• filed its initial SEC registration (Form ADV)
        Aug 10, 2016 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026